Tony Brewer View

The process of selling and buying a business can be really complicated. I remember when my in-laws decided to sell their business and retire. It was so very hard for them to even make the decision to step down from the business – the store had been their life for almost 30 years. My my father-in-law’s health was the deciding factor. They listed it with a business broker and after 10 very long and hard months, they got an offer on the business and were able to sell it.

There are other business sales and major events, such as buying or selling a franchise or taking a new business public. I’m not sure which of the three is the toughest, but I have a feeling that going public is much more complicated because you have to deal with the Securities and Exchange Commission.

There is a professional VDR solution for IPO process that helps keep all the parties involved on track and organized. I can just imagine the nightmare of keeping the latest copies of all the reports and audits necessary for the audits, reviews and due diligence process.

As complicated as an IPO or business sale can be, imagine if the potential buyer or lender is not America. My in-laws sold their business to a middle aged couple from Mexico. The letter of intent and purchase contract had to be sent to their attorneys in Mexico City, so all the documents had to be written in both English and Spanish. Thankfully, there are places like the  Merrill Brink translation services to handle that need.

Another issue that might require a technical translation services provider would be if your company shut down it’s U.S. operations and moved to another country, like so many manufacturing companies have been doing since the NAFTA Agreement was signed. Just think of all the documents that would have to be translated to be able to staff up and begun plant operations across the border.